American Woodmark price target lowered to $112 from $116 at Baird

Baird analyst Timothy Wojs lowered the firm’s price target on American Woodmark to $112 from $116 and keeps an Outperform rating on the shares. The firm noted shares were weak following mixed FQ1 results, with continued R&R weakness weighing on the quarter and updated outlook. Overall, they remain buyers, with shares trading at attractive risk/reward levels.